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The NMB Stadium is on a path to sustainability under the care of the MBDA

[Mandela Bay, 6 November 2018] -

Since its inception in 2004, the Mandela Bay Development Agency (MBDA) has achieved unqualified audit outcomes from the Auditor General of South Africa, indicating sound financial and corporate governance practices. The Agency has been one of a handful of entities in Eastern Cape to achieve three successive clean audit outcomes in a very highly regulated municipal finance environment.

This success, coupled with visible change in Nelson Mandela Bay due to the investments made by the Agency as an entity of the City, led to a resolution by Council in 2016 that the Agency takes over the management of the City's most valuable asset, the Nelson Mandela Bay Multi-Purpose Stadium.

Initially the Stadium was operated by a private sector service provider, costing the City many millions in operating fees. Fast forward to November 2018, nearly two years since the MBDA took over, and the NMB Stadium is gradually lessening its burding on the rate-payers of the Bay and strategically recruiting and securing prized sporting and non-sporting events.